EUR/USD Resumes Downtrend, 1.0950 Next?

Key Highlights EUR/USD failed to climb above the 1.1100 resistance and resumed its downward move.There was a break below a consolidation pattern with support at 1.1055 on the 4-hours chart.The US Manufacturing PMI climbed higher from 51.3 to 52.2 in Nov 2019 (Prelim).The German IFO Business Climate Index is likely to rise from 94.6 to 95.0 in Nov 2019. EUR/USD Technical ...
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EUR/USD In Corrective Decrease, 1.1050 Holds Key

Key Highlights The Euro started a downside correction below the 1.1100 support against the US Dollar.EUR/USD traded below a key bullish trend line with support near 1.1095 on the 4-hours chart.GBP/USD also started a downside correction after trading as high as 1.3012.Chicago’s Fed Manufacturing Business Index could decline from 1.5 to 1.4 in Oct 2019. EUR/USD Technical...
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EUR/USD Likely To Struggle Near 1.1200

Key Highlights The Euro started an upside correction from the 1.1051 low against the US Dollar. EUR/USD could face resistance near 1.1200 and a bearish trend line on the 4-hours chart.The US New Home Sales declined 12.8% in July 2019 (MoM), whereas the forecast was -0.2%.The German IFO Business Climate Index could drop from 95.7 to 95.1 in August 2019. EUR/USD Technical ...
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EUR/USD Signaling Bullish Continuation Above 1.1350

Key Highlights The Euro gained momentum and broke the 1.1350 resistance against the US Dollar. EUR/USD is showing positive signs and it could rise above 1.1400 in the near term.The US Manufacturing PMI in June 2019 (Prelim) declined from 50.5 to 50.1.The German IFO Business Climate Index in June 2019 might slide from 97.9 to 97.3. EURUSD Technical Analysis After dovis...
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EUR/GBP Remains Supported On Dips Above 0.8600

Key Highlights The Euro struggled to break the 0.8680 resistance against the British Pound.EUR/GBP recently traded below a bullish trend line at 0.8660 on the 4-hours chart.The German IFO Business Climate Index declined to 99.2 in April 2019 from 99.6.The US Durable Goods Orders in March 2019 could increase 0.8%, whereas the last was -1.6%. EURGBP Technical Analysis T...
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Can EUR/USD Gain Momentum Above 1.1380?

Key Highlights The Euro recovered recently and broke the 1.1350 resistance against the US Dollar. There was a break above a crucial bearish trend line with resistance at 1.1295 on the 4-hours chart of EUR/USD. The German IFO Business Climate Index declined from 99.3 to 98.5 in Feb 2019. The US Wholesale Inventories for Dec 2018 will be released today, which could ...
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EUR/USD’s Recovery Facing Crucial Hurdles

Key Highlights The Euro declined heavily, tested the 1.1300 support, and later recovered against the US Dollar. There was a break above a connecting bearish trend line with resistance at 1.1380 on the 4-hours chart of EUR/USD. The German IFO business sentiment index in Jan 2019 declined from 101.0 to 99.1. Today in the US, the Dallas Fed National Activity Index fo...
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EUR/USD Signaling Bullish Continuation Above 1.1620

Key Highlights The Euro made a nice upside move from the 1.1300 swing low against the US Dollar. There was a break above a crucial bearish trend line with resistance at 1.1460 on the 4-hour chart of EUR/USD. The US Durable Goods Orders declined 1.7% in July 2018, more than the -0.5% forecast. Today, the German IFO Business Climate Index for August 2018 will be rel...
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EURUSD – Euro Opens With Huge Gap Following French Election

Key Highlights The Euro opened with a monster gap up towards 1.0900 against the US Dollar. The FX market turned risk on after the first round of the French elections suggesting Macron leading as expected. The recent release in the US, the Manufacturing PMI for April 2017 (Preliminary) posted a decline from 53.3 to 52.8. Today in the Euro Zone, the German IFO Busin...
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EURUSD – Euro Remains In Uptrend Vs US Dollar

Key Highlights The Euro remained in a nice ascending structure with support near 1.0750 against the US Dollar. There are many bullish trend lines with support at 1.0800 and 1.0770 formed on the 4-hours chart of EURUSD. Today in the Euro Zone, the German business sentiment index for March 2017 will be released by the CESifo Group, which is forecasted to remain stable ...
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